VLO surges 3.59% on high volume
Valero Energy Corporation (VLO) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team
Moving higher for the 6th day in a row, VLO finished Monday at 105.49 surging $3.66 (3.59%) on high volume. This is the biggest single day gain in over a year. Today's closing price of 105.49 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 102.23, the share confirms its breakout through the previous session's high having traded $4.12 above it intraday.
Daily Candlestick Chart (VLO as at Apr 16, 2018):
Monday's trading range was $4.22 (4.13%), that's far above last trading month's daily average range of $2.41. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.